L&T Construction Bags Rs.1,875 Cr. Orders In March

Larsen & Toubro Ltd. said L&T Construction had won orders valued Rs.1,875 crore across various business segments during this month.

The Power Transmission & Distribution IC secured new orders for Rs.895 crore in both domestic and international markets from reputed customers.

Domestic orders worth Rs.701 crore include a major order from Tamil Nadu Electricity Board for the construction of 148 km, 400kV DC (Quad) transmission line from Pugalur to Pandiankuppam in Tamil Nadu with a completion period of 18 months. Besides, two additional orders were received for construction of substations at Malaysendra from Karnataka Power Transmission Corporation and at Jind, Haryana from Power Grid Corporation of India Ltd.

International orders, valued at Rs.194 crore, include those for construction of a 220/33kV substation and various orders for ongoing projects at UAE.

The Building & Factories IC has bagged new orders aggregating to Rs.841 crore for construction of residential apartments in Chennai and Mumbai from leading developers. Another order was received for construction of a mall in Bengaluru.

In the Solar Business Unit, L&T Construction has obtained orders totaled Rs.139 crore from reputed developers for the construction of a 5.75 MW Solar PV plant on EPC basis in Rajasthan and general civil works for 1x125 solar thermal power project in Gujarat.

At the BSE, Larsen & Toubro shares are currently trading at Rs.1,307, up 2.07 percent from the previous close.